Horizon office complex on Oakmead Parkway in Sunnyvale. An office complex at a choice site in Sunnyvale has undergone a wide-ranging facelift that’s aimed at making it more appealing and viable at a time of coronavirus-linked social distancing.
SUNNYVALE — An office complex at a choice site in Sunnyvale has undergone a wide-ranging facelift that’s aimed at making it more appealing and viable at a time of coronavirus-linked social distancing.
Embarcadero Capital Partners bought the office center in 2016 and completed a major renovation and revamp of the complex, which is located in Sunnyvale near the interchange of U.S. Highway 101 and Lawrence Expressway.
The office complex, which totals 181,200 square feet, is a long and narrow structure that now offers plenty of flexibility to be leased to one or multiple tenants.
The renovation completely modernized the interiors and spruced up the exterior of the office center, which previously consisted of four closely situated buildings.
The redevelopment effort resulted in a complex that could become a single building. Embarcadero Capital Partners enclosed multiple breezeways in a fashion to unify the four buildings into a single structure.
The enclosures create enough flexibility to allow for one tenant to occupy the entire complex or to enable multiple tenants in the facility.
With coronavirus-linked health concerns on the minds of many office workers, the renovated office center includes multiple sites for open-air collaboration or the ability to distance socially.
In 2016, Embarcadeo Capital Partners paid $12.7 million for the property, documents filed with Santa Clara County property officials show.
The property has addresses ranging from 1230 through 1290 Oakmead Parkway and also fronts on Lakeside Drive, county assessment records show.
In 2017, Embarcadero Capital obtained $38.5 million in financing from lender Loancore Capital Credit REIT, public records show. That capital infusion would have occurred prior to the renovation.
“We are excited to introduce Horizon to the market and provide companies with an elegant solution to today’s creative workplace needs,” said John Hamilton, principal executive of Embarcadero Capital Partners.
